Condition in which the balance between the money available in an economy and the goods produced in it are growing at about the same rate

Measure of economic growth that compares how much a system produces with the resources needed to produce it

Market economy that provides for private ownership of production and encourages entrepreneurship by offering profits as an incentive

Profit-maximizing price at which the quantities of goods supplied are equal

Situation in which a government body spends more money than it takes in

Resources used in the production of goods and services, natural resources, labour, capital, and entrepreneurs.

Total amount that a nation owes it creditors